Dallas Salisbury
Dallas Salisbury
benefit companies defined fact fan financial literacy offset people positive provide save silver start
I am an extraordinary fan of defined benefit plans, but the world has in fact dramatically changed. If the offset is that companies start aggressively encouraging people to save and provide financial literacy education, that may be a very positive silver lining.
among benefit defined happening misses report
The PBGC report misses much of what has been happening among defined benefit plans.
benefit carrying caused companies cost defined element move relative structure
Carrying a very different cost structure than your competitors and having an element of unpredictability relative to competitors has caused many companies to move away from defined benefit plans.
coverage estimates health income increases insurance likelihood likely low population previous reported research uninsured
In general, an individual's likelihood of having health insurance coverage increases with income, ... The research reported here suggests that the uninsured population is more likely to be characterized by low income than previous estimates would have us believe.
costs employer frequently generally less money
The administrative costs (of an employer plan) are frequently cheaper. It's generally going to cost you less money than an IRA.
aware medicare security social
Individuals are more and more aware that Social Security is going to have problems, that Medicare is going to have problems,
borrow drive projection spend urged
We are urged each and every day to spend and borrow and live for the moment. Don't you know that you can't live without that 51-inch projection television? How can you conceivably drive a 15-year-old car?
benefits companies maintained moving track
Even the granddad companies that maintained these benefits are on a track moving away from it.
cash chooses debt federal flows fund government money pay public raise security sell social today trust
What those Social Security cash flows are being used to do today is to pay down federal debt. If the government chooses to not use those trust fund dollars, if they do end up with a shortfall, then what they'll do is go into the public market, and sell debt to raise cash, and use the Social Security money to pay off other debt.
congress focused happen house likely white
Very little is likely to happen in 2006 because Congress and the White House are already focused on elections.
dropped market sell time
The time to sell is not after the market has already dropped by 25 percent,
affecting employers start
It would be if employers start to feel that what they've done is adversely affecting hiring, and secondly, that it is affecting retention.
concept costs employee greater sharing
This concept of sharing greater costs with the employee is nothing new.
additional borrowing cash economy effect government net overall security social taxpayer using
So there is a bookkeeping way to say that I am not using the Social Security cash flow, but the overall effect on the taxpayer and the economy is the same. The government is borrowing additional net money.